President Joe Biden announced on Sunday that he is dropping out of the 2024 White House race, ending his re-election effort. This decision comes shortly after a difficult debate with Donald Trump, which cast doubt on his ability to remain in office just four months before the election. Biden’s announcement was understated, yet marked a significant moment in American political history. He needed to make a swift decision and provide an announcement.

At this time, Vice President Kamala Harris is the highest-ranking political leader, and she is currently being considered as the top candidate to replace President Biden. Yesterday, she emerged as the leading contender to secure the Democratic party’s victory over Trump.

With Biden stepping aside, Harris is now positioned to focus solely on fulfilling the responsibilities of president for the remainder of Biden’s term. Her candidacy marks a historic moment for the Democratic Party and the nation, as she aims to lead with distinction and rally support from the Democratic National Committee and voters across the country. The coming months will undoubtedly be pivotal as Harris navigates the complexities of campaigning while balancing her duties as acting president.

Secondly, because of the successful and quick work of Vice President Kamala Harris on Sunday, it was both a matter of day and the fundamental change of presidential battles that are easier to do now.

In the late-night hours on Zoom, more than 45 thousand people attend a meeting ordained by Win with Black Women to boost the Vice President Kamala Harris’ campaign. The group stated that it generated over $1,500,000 in the first hour to the fifth minute.

Election Updates: Candidates Running For President 2024

Joe Biden’s withdrawal from the US presidential race introduces significant uncertainty to the world, especially as Western leaders are already seeking solutions to conflicts in Ukraine and Gaza, dealing with a more aggressive China in Asia, and facing the rise of the far right in Europe.

The 50th President of the United States, Joe Biden, has been in politics for five decades, during which he formed close personal relationships with many foreign leaders. However, his potential replacements on the Democratic list lack this quality. Messages of support and gratitude for his years of service poured in from both neighboring and distant countries following his announcement.

The various foreign policy issues that the next US president will have to address will clearly show how significant the events in Washington are for the rest of the world.

The contours of the presidential race became clear with Trump’s announcement in November 2022. Now, if the Democrats pick Harris, the stage is set for a battle to define central issues. Harris, the first Black woman and first person of South Asian descent to serve as vice president, could potentially galvanize women, especially women of color, to exceed expectations. Meanwhile, Trump will likely focus on rallying support among white men.

He outperformed expectations from the Latino community in 2020 by running a campaign that not only increased Latino support but also reached more black voters. On the other hand, Biden’s advantage among older white voters, who are more likely to turn out, helped him compete effectively with his opponents.

Inside Biden’s Unprecedented Exit: Biden Resignation

After facing the crisis point of his career by insisting he still had support and would not leave following a disastrous debate performance, Joe Biden’s about-face did not come in an Oval Office address or a speech on the campaign trail. Instead, it came in the form of a letter he posted to his social media account while recuperating from COVID-19 at his beach house in Delaware.

One of the senior advisers to the Biden campaign said that Biden made his final decision to give up and leave the race within the last 48 hours while consulting over the telephone with his family and top advisers, all while recovering from COVID. The source said Biden likely initiated his plans to depart from the race on Saturday night and finalized them on Sunday.

The adviser continued, stating that the president “did not intend to remain inflexible” but was actively following the data coming in and after a while became convinced he would be “dragging down” the ticket and being a complicit to defeating Trump.

President Biden News: Party Leaders Deliver a Blunt Message

Initially, more Democrats planned to publicly call for Joe Biden to drop out that weekend; however, a shooting abruptly disrupted their solidarity when an attempted assassin came within inches of killing Trump at his rally in Butler, Pennsylvania. Despite this, Democratic donors doubted Biden’s viability as a presidential candidate. They expressed their concerns to Biden’s campaign members, but the officials gave their fears a cold shoulder.

Very soon more people began to express their opinions too. And, one could even argue, the private pleas to Biden to step down from the race together with the public countless number of people voicing their opinions and persuading him to retire, became the most prevalent phenomenon.

Rep. Jamie Raskin, the Democrat from Maryland House who headed the second impeachment of president Donald Trump, confirmed that he had sent a letter to Biden on July 6 and was encouraging the president that there was “no shame in taking a well-deserved bow” out of the 2024 election. – And the letter provided the arguments that he made with comparisons to George Washington and Pedro Martinez of the Red Sox.

What Led to Biden’s Withdrawal

The White House, along with congressional officers, attempted to suppress the discussions by issuing statements of denial. However, the stories about party leaders sending a message to Biden made an impact. Last Friday, a dozen new Democrats joined the chorus, expressing their view that Biden should quit the race.

Public statements from potential Democratic candidates were only one factor that caused Biden to reconsider his candidacy. Another significant reason was the loss of his financial supporters, which threatened to end fundraising efforts in the final days of the campaign.

Donors who had previously contributed suddenly began contacting advisors, offering additional funds, according to someone involved in the discussions. Before Biden withdrew from the 2024 race, some donors had already reached out to the team, offering their support to her if she decided to lead the ticket, as reported by three individuals familiar with the conversations.

Dollar Loses as Biden Ends Re-election Race

As the American dollar experienced a drop in its value, market agents began speculating on the impact of Joe Biden’s decision to decline re-election, allowing others to compete with Republican Donald Trump. The US currency dropped by 0.03 percent to 157.435 yen. Commonwealth Bank of Australia strategist Joseph Capurso believes it’s too early to draw conclusions, and the dollar’s reaction should not be taken as a strong sign at this stage.